By: Alex Longley – Bloomberg – The oil market is running out of sellers in its surge to almost $90 a barrel....
The government in Turkmenistan has announced that it plans to close the Gates of Hell. The burning gas crater has been on...
By: Shariq Khan – Reuters – Unit Corporation, one of the top U.S. natural gas producers, has hired an investment bank for...
By: Shariq Khan – Reuters – Chesapeake Energy Corp (CHK.O) is in advanced talks to acquire privately-owned natural gas producer Chief Oil...
By: Haley Zaremba – OilPrice – As we kick off the new year, the race is on to predict the course that...
The crude oil market has already gained 10 percent since the start of the year and has further to go, Vitol’s head...
Over the past three years, dozens of cities across the country have banned natural gas hookups in newly constructed buildings as part...
By: Irina Slav – OilPrice.com – Oil is about to post its fourth week of gains in a row, and the outlook...
By: Timothy Gardner and Nidhi Verma – Reuters – China will release crude oil from its national strategic stockpiles around the Lunar...
The European gas crunch has been hogging headlines for months now, and with good reason – the continent is still struggling to...
OPEC+ stunned the oil market last month with a 411K bbl/day May production hike that was triple the amount originally planned. The cartel is apparently trying to discipline over-producing members such as Kazakhstan by driving down prices, and Bloomberg reported that it is considering doing the same again next month.
Goldman Sachs expects OPEC+ to announce a 410K bbl/day supply increase for June, citing modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia's ability to handle lower oil prices.
The bank also maintained its oil price forecast, expecting Brent crude to average $63/bbl and WTI crude at $59/bbl for the rest of 2025, with prices sliding further in 2026 to $58 for Brent and $55 for WTI, and that a global slowdown or a complete reversal of the 2.2M bbl/day of voluntary OPEC+ cuts could push Brent prices into the $40s next year.
The U.S. stock market ended sharply higher Friday, with the S&P 500’s rally erasing its losses after President Donald Trump announced sweeping tariffs on April 2.
The S&P 500 climbed 82.53 points on Friday, or 1.5%, to close at 5,686.67.
The Dow Jones Industrial Average climbed 564.47 points, or 1.4%, to finish at 41,317.43.
The Nasdaq Composite jumped 266.99 points, or 1.5%, to end at 17,977.73
The labor market has been a bright spot, with a pace of job growth remaining healthy even as the economy has lost momentum in the last three months. Economists expect the job market to soften given all the uncertainty over tariffs, but, in general, they think April might be too soon to see a significant weakening. Which sectors show strength and weakness will matter more this month than usual.
U.S. economy adds 177,000 jobs in April, above 133,000 forecast. U.S. unemployment rate stays the same in April at 4.2%.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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